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we start tonight here in washington these are live shots of the capitol building. the biden administration and the republican majority in the us house of representatives have reached an agreement in principle on a new government debt limit. the deal will be put to a vote on wednesday. we ll have more on what we know so far shortly, with our north america correspondent jess pakrker shortly. but first let s hear from the leaders at the centre of these negotiations. house speaker kevin mccarthy said there would be historic reductions in spending and no new taxes. he shared this statement a little earlier. ijust got off i just got off the phone with the president and talk to him twice today and after weeks of negotiations we have come to an agreement in principle. we still have a lot of work to do but i believe this is an agreement in principle worthy of the american people. it has historic reductions in spending, consequential reforms that will lift people out of poverty ....
We start tonight here in washington these are live shots of the capitol building. the biden administration and the republican majority in the us house of representatives have reached an agreement in principle on a new government debt limit. the deal will be put to a vote on wednesday. we ll have more on what we know so far shortly, with our north america correspondent jess pakrker shortly. but first let s hear from the leaders at the centre of these negotiations. house speaker kevin mccarthy said there would be historic reductions in spending and no new taxes. he shared this statement a little earlier. ijust got off i just got off the phone with the president and talk to him twice today and after weeks of negotiations we have come to an agreement in principle. we still have a lot of work to do but i believe this is an agreement in principle worthy of the american people. it has ....